Civic Intelligence

Global Arthroscopy Foundation

990 • Fiscal year 2018 • EIN 36-4431754

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.GLOBALARTHRO.ORG
2325 Wood DrNorthbrook, IL 60062

(847) 272-7491

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

2nd percentile

-430%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

38th percentile

-3.7%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

386%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$295,827

Down $11,427 (-3.7%) from 2017

Net Assets

Down

$295,827

Down $11,427 (-3.7%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin2nd percentile

Revenue

Up

$2,651

Up $2,106 (+386%) from 2017

Expenses

Down

$14,052

Down $20,002 (-59%) from 2017

Net Income

Up

-$11,401

Up $22,108 (+66%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2016: $340,764Liabilities 2016: $0Net Assets 2016: $340,7642016Assets 2017: $307,254Liabilities 2017: $0Net Assets 2017: $307,2542017Assets 2018: $295,827Liabilities 2018: $0Net Assets 2018: $295,8272018Assets 2019: $292,202Liabilities 2019: $0Net Assets 2019: $292,2022019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$295,827
Liabilities$0
Net Assets$295,827
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2016: $37,176Expenses 2016: $32,987Net Income 2016: $4,1892016Revenue 2017: $545Expenses 2017: $34,054Net Income 2017: -$33,5092017Revenue 2018: $2,651Expenses 2018: $14,052Net Income 2018: -$11,4012018Revenue 2019: $3,698Expenses 2019: $7,323Net Income 2019: -$3,6252019Revenue 2020: $745Expenses 2020: $292,706Net Income 2020: -$291,9612020

Highlighted filing

2018

Revenue$2,651
Expenses$14,052
Net Income-$11,401
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$2,651
Mission and Program Overview

Mission

The global arthroscopy foundation is a non-profit corporation dedicated to teaching orthopedic surgeons from other nations about cutting-edge arthroscopic surgical strategies for operating on and remedying problems with joints.

To teach doctors in developing nations to perform arthroscopic medical procedures

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$250,384-
Cash and Non-Interest-Bearing Accounts$298,051$36,240▼ $261,811
Other Notes and Loans Receivable, Net$9,203$9,203→ $0
Total Assets$307,254$295,827▼ $11,427
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$307,254$295,827▼ $11,427
Total Net Assets Fund Balance$307,254$295,827▼ $11,427
Total Liabilities and Net Assets / Fund Balance$307,254$295,827▼ $11,427
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Howard J Sweeney MdPresident
James C Esch MdSecretary
Gregory Palutsis MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,651
Other Revenue
$0
Change in Net Assets
$-11,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,335
Grants and Similar Amounts Paid$3,717
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$8,160-$8,160
Grants to Domestic Individuals$3,717--$3,717
Insurance-$1,365-$1,365
Other Expenses-$775-$775
Interest-$35-$35
Total Functional Expenses$3,717$10,335$0$14,052
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“President reviews return with preparer.”

Form 990, Part VI, Section C, Line 19

“The foundation makes available by mail all required documents uopn written request.”

Filing and Contact Details

Filer

Filer Name
Global Arthroscopy Foundation
EIN
36-4431754
Phone
8472727491
Address
2325 WOOD DR, NORTHBROOK, IL 60062

Signing Officer

Name
Howard J Sweeney Md
Title
President
Phone
8472727491
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard J Sweeney Md
Formed
2001
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
100 TRI-STATE INTERNATIONAL SUITE, 300, LINCOLNSHIRE, IL 60069
Preparer
Marvin Reinglass Cpapfs
Phone
8479410100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Secretarial: program service expenses 0. Management and general expenses 8,160. Fundraising expenses 0. Total expenses 8,160.”

FORM 990, PART XI, LINE 9:

“Rounding adjustment and misc correction -26.”

Raw XML Appendix292 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrantsToIndividualsInd01
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IRS990/GrossReceiptsAmt02651
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$295,827
Liabilities
$0
Net assets
$295,827
Revenue
$2,651
Expenses
$14,052
Net income
-$11,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$2.93$2.92
2019Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.04$0.07$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.03$0.14$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$0.01$0.34$0.34
2016Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.41$0.37$0.33$0.04